Join us at TNW Conference 2022 for insights into the future of tech →

The heart of tech

This article was published on March 17, 2014

    Online food delivery service Just Eat set for £100m IPO in London as company eyes collections market

    Online food delivery service Just Eat set for £100m IPO in London as company eyes collections market Image by: Getty Images/iStockphoto
    Ben Woods
    Story by

    Ben Woods

    Europe Editor

    Ben is a technology journalist with a specialism in mobile devices and a geeky love of mobile spectrum issues. Ben used to be a professional Ben is a technology journalist with a specialism in mobile devices and a geeky love of mobile spectrum issues. Ben used to be a professional online poker player. You can contact him via Twitter or on Google+.

    US-CURIOSITY-RESTAURANT-ANIMALS-ENVIRONMENTJust Eat, the online food ordering and delivery service, is preparing to go public in London, according to the Financial Times.

    According to the report, the IPO will look to raise up to £100 million (around $166 million), which would value the company at between £700 million and £900 million. A spokesperson for the company confirmed the deal to TNW, and added that the move is designed to facilitate an expansion of services to formalize its collection service – a shift that would allow considerably more restaurants to be listed on the service. Currently, collection orders are supported, but only for restaurants that also offer delivery at other times.

    According to the ITF (Intention to Float) documentation, the sale will be listed on either the London Stock Exchange or the ‘High Growth Segment’ of the main market – which is designed specifically to entice tech startups. The service is the second in less than a month to go public – US-based GrubHub filed for a $100 million IPO at the end of February.

    ➤ Just Eat joins growing queue of London IPOs [Financial Times]

    Featured Image Credit – (1) Thinkstock / (2) Guillaume Meyer/AFP/Getty Images